Announced
Financials
Tags
Public
Acquisition
Minority
Single Bidder
Domestic
Pending
Friendly
Commercial REITs
real estate investment company
United Kingdom
Synopsis
Capital & Counties Properties, a United Kingdom-based property investment and development company, agreed to acquire 5% stake in Shaftesbury, a British real estate investment trust, for $89m. The placing price of $0.55, resulting in a shareholding in Shaftesbury following completion of the capital raising of over 25 per cent. Capco has also committed to vote in favour of the requisite resolutions at the General Meeting of Shaftesbury shareholders.
© COPYRIGHT 2024 MERGERLINKS LIMITED.
ALL RIGHTS RESERVED.
15 BONHILL STREET, LONDON, EC2A 4DN, UNITED KINGDOM.